S&P Global Ratings affirmed SS&C Technologies Holdings Inc.'s issuer credit rating at BB and revised the outlook to stable from negative.
The outlook revision reflects the rating agency's view that SS&C Technologies Holdings has successfully integrated its 2018 acquisitions and achieved planned synergies with no evident disruption to its business. SS&C Technologies Holdings has also used its strong free operating cash flow to repay debt, and S&P Global Ratings expects the company's 2019 leverage to improve to the mid-4x area.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.